Company average collection period, Accounting Basics

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Company average collection period

Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The company's average collection period (age of receivables) was closest to:

a. 20.28 days.

b. 28.39 days.

c. 36.50 days.

d. 56.78 days.

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Accounting Basics: Company average collection period

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Accounting Basics: Company average collection period

Reference No:- TGS096387

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company average collection period

Reference No:- TGS096387

Recent Questions Asked Accounting Basics

Q : Income from operations before service department

Q : Explain how to calculate the p-value for the test

Q : How direct costs of special fund raising events

Q : Find trimmed mean-mode-sample standard deviation

Q : Company average collection period

Q : Explain population represented by the sample

Q : Company accounts receivable turnover

Q : Prepaid expenses and inventories

Q : Company return on total assets for the year

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